U.S. Stocks Face Shortened Trading Day Amid Thanksgiving; Black Friday and Economic Outlooks

U.S. stocks will have a shortened trading day Friday due to the Thanksgiving holiday. Despite some investors trimming stakes in major tech names, equity indexes are close to all-time highs. Wednesday's inflation report and Federal Reserve meeting minutes suggest a potential gradual interest rate decrease if price increases continue to moderate.

Shoppers are looking for Black Friday deals, with varying retail expectations for holiday performance and spending influenced by political divisions and election outcomes. Shipping data shows red-state shoppers may have increased spending after Trump's victory. Economists predict slowing growth in China in 2025. House Speaker Mike Johnson and other lawmakers plan to discuss major reform ideas with Elon Musk and Eileen Ramaswamy, although the extent of their influence remains uncertain

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. Stocks Face Shortened Trading Day Amid Holiday SellingU.S. stocks will have a shortened trading day on Friday following Thanksgiving, with equities declining as investors reduce tech holdings. Markets, however, remain near all-time highs. Recent data suggests the Federal Reserve might gradually lower interest rates if inflation continues to ease. Retailers are gearing up for Black Friday, with mixed expectations for holiday season performance.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

6 things we’re watching in the stock market in the holiday-shortened trading week aheadThe Fed's favorite inflation gauge and earnings from Club holdings Best Buy and Crowdstrike are among the biggest events on our radar.
Source: CNBC - 🏆 12. / 72 Read more »